Income Statement

View Financial Glossary Index


The income statement is one of the four basic financial statements required by GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards). It demonstrates how revenue translates into net income. Unlike the balance sheet, which captures information at a specific point in time, the income statement reports the information from a period of time.

Investors are mostly concerned with the operating portion of the income statement, which reports revenues and expenses that are a direct result of regular business operations.


Revenue - Expenses = Net Income

Analysis Tutorial

Are you an investing professional?

Click here to request a live demo of YCharts Professional, our premium suite of tools and data.
Learn more about our professional products. Call (866) 965-7552 or email



Please note that this feature is only available as an add-on to YCharts subscriptions.

Please note that this feature requires full activation of your account and is not permitted during the free trial period.

Start My Free Trial {{}} No credit card required.

Already a subscriber? Sign in.